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STARBUCKS CORPORATION ANNOUNCES OFFERING OF $70 MILLION IN PRINCIPAL AMOUNT OF CONVERTIBLE SUBORDINATED DEBENTURES

 SEATTLE, July 27 /PRNewswire/ -- Starbucks Corporation (NYSE: SBUX) announced today the commencement of the public offering of $7,000,000 in principal amount of its 4.5 percent Convertible Subordinated Debentures Due 2003.
 The Debentures are priced at 100 percent of their principal amount and are convertible into Starbucks Common Stock at $60 per share. The Company has granted the underwriters of the offering an option to purchase up to an additional $10,500,000 in principal amount of the Debentures. The underwriters for the offering are Alex, Brown & Sons Inc. and Wertheim Schroder & Co. Incorporated.
 Starbucks intends to use the proceeds from the sale of the Debentures to finance new store openings, expand into new markets, and for other general corporate purposes.
 Starbucks Corporation purchases and roasts specialty whole bean coffees and sells them, along with fresh brewed coffees and Italian- style espresso beverages, primarily through its 222 Company-operated retail stores. Starbucks' stores are located in, and in the areas surrounding, Seattle; Chicago; Vancouver, B.C.; Portland, Ore.; Los Angeles; San Diego; San Francisco; Denver; and Washington, D.C.
 -0- 7/27/93
 /CONTACT: Investor Relations Department of Starbucks, 206-447-1575, ext. 4520/
 (SBUX)


CO: Starbucks Corp. ST: Washington IN: REA SU:

LM-JH -- SE007 -- 6068 07/27/93 08:58 EDT
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Publication:PR Newswire
Date:Jul 27, 1993
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